The recent increase in interest rates announced by the Bank of England leaves us with no more clarity about the direction of monetary policy than we had before the micro-adjustment.
Indeed, the increase raises rather more questions than it resolves. Ostensibly, the 0.25% move simply reverses the rather ill-judged post referendum cut. However, we have no clear understanding...
Four potential outcomes
Industry members abseil down Broadgate Tower
Changes made on 14 September
Hired as portfolio manager in global equity income team
'Three cycles are colliding'